Syntheticus.ai

Use-cases
Business Name:
Syntheticus.ai
Category:
Business Description:
Syntheticus provides a B2B SaaS solution that uses cutting-edge AI to generate synthetic data for different file formats and ensures that entities stay compliant while leveraging their data potential to boost innovation.
Long Business Description:

📢 We live in a data driven generation where big data, data mining and artificial intelligence are revolutionising the ways we obtain value from data.

❗️ But the challenge is that public and private entities fall into data paralysis because of (1) data inertia and (2) data privacy.

1️⃣ Data inertia: if you do not or only partially use your sensitive, personal data, then you have costs of opportunities of not unlocking your full data potential.

2️⃣ Data privacy: If you do use your sensitive, personal data, you risk security breaches and fines for noncompliance, which damage not only your reputation but ultimately also your foundation of trust.

🚀 Our B2B SaaS solution – a synthetic data generator – empowers you to unlock your data potential and strengthen your foundation of trust, while mitigating privacy risks.

👉 And the technology for that is synthetic data.

❓ What is synthetic data and what are its advantages?

💥 In a nutshell:
➡️ Artificially-generated, yet anonymized data that mimics the original data.
➡️ Mimics the original data by learning the correlations and thus keeping the statistical distributions as the original data.
➡️ Can be scaled to any size and can be sampled from unlimited times, making it highly efficient.
➡️ Being fully anonymized it cannot be reversed, as is the case with pseudonymization.
➡️ Compliant with existing regulations and exempt from potential fines and penalties.
➡️ Cost effective when compared to alternatives such as pseudonymization.

✅ Syntheticus enables you to avoid compliance issues and share synthetic data.

💡 Gartner predicts: By 2024, 60% of the data used for the development of AI and analytics solutions will be synthetically generated.

❓ A often asked question: How can I generate synthetic data?

💥 2 simple steps in <1min:
1️⃣ First upload your data
2️⃣ Set your desired parameters and let the engine generate synthetic, anonymised data.

🎥 Watch the video!

📧 Reach out to us if you have some questions/remarks about this.

Based in:
Zürich
Tags:
Data Economy, Privacy-enhancing technology, Synthetic Data,
Total Funding:
No funding announced yet
Founded:
2021
Website:
https://syntheticus.ai
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